Regulatory Alerts2015-03-25 | 2015-06687Commodity Futures Trading Commission Order Exempting Certain Hong Kong Firms From Foreign Futures and Options Regulations
The Commodity Futures Trading Commission issued an order granting an exemption to firms designated by the Hong Kong Securities and Futures Commission from certain U.S. foreign futures and options regulations. This relief is based on substituted compliance with comparable Hong Kong regulatory requirements, covering areas such as registration, capital adequacy, and customer fund protection. The exemption applies only to specific licensed corporations subject to exclusive HKSFC oversight and excludes entities under joint Hong Kong Monetary Authority oversight or those trading on U.S. exchanges.
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